8-KEarnings & ResultsOther EventsExhibits & Filings

INTUIT INC. 8-K Report, Financial Results (Nov 20, 2017)

Filed November 20, 2017For Securities:INTU

Summary

Intuit Inc. (INTU) filed an 8-K on November 20, 2017, to report its financial results for the fiscal quarter ended October 31, 2017, and to announce a quarterly cash dividend. While the specific financial figures are detailed in the accompanying press release (Exhibit 99.01), the filing highlights the company's performance and its commitment to returning value to shareholders through dividends. Additionally, the report discloses a stock trading plan adopted by Chairman, CEO, and President Brad D. Smith in September 2017. This plan allows for the exercise of stock options and sale of shares over a period from November 2017 to June 2018, structured to comply with Rule 10b5-1 of the Exchange Act. Investors should note that these transactions will be publicly disclosed via Form 4 filings.

Key Highlights

  • 1Intuit announced financial results for the fiscal quarter ended October 31, 2017.
  • 2The company declared a cash dividend of $0.39 per share.
  • 3The dividend is payable on January 18, 2018, to shareholders of record on January 10, 2018.
  • 4Chairman, CEO, and President Brad D. Smith adopted a Rule 10b5-1 trading plan.
  • 5The trading plan covers the exercise of 110,496 stock options and the sale of underlying shares.
  • 6Transactions under the trading plan are scheduled to occur between November 2017 and June 2018.
  • 7The press release containing financial results and dividend information is furnished as Exhibit 99.01.

Frequently Asked Questions

The 8-K filing refers to Exhibit 99.01, a press release, which contains the detailed financial results for the fiscal quarter ended October 31, 2017. Investors should refer to this exhibit for specific revenue, profit, and other key financial metrics.

Intuit's Board of Directors approved a cash dividend of $0.39 per share. This dividend is scheduled to be paid on January 18, 2018, to shareholders who are on record as of the close of business on January 10, 2018.

The Rule 10b5-1 trading plan adopted by CEO Brad D. Smith is designed to allow for the orderly exercise of stock options and sale of Intuit shares. This plan is established when the executive is not in possession of material, non-public information, and it permits pre-arranged transactions to occur over a specified period (November 2017 through June 2018).

Yes, transactions made under the Rule 10b5-1 trading plan will be publicly disclosed by Intuit through Form 4 filings with the Securities and Exchange Commission, as required by law.